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Thursday, August 13, 2020

Eid-el-Kabir : Residents lament as prices of perishable household food items soar in Kano ‎

By Muhammad Nur Tijani Kano, July 29, 2020 (NAN) Barely two days to the Eid-el-Kabir celebration, prices of perishable items have skyrocketed in Kano amid low patronage of the produce. A check by NAN on Wednesday at Yan-Kaba perishable market showed that prices had shot up...

Sallah: prices of food items soar in Enugu

By Maureen Ojinaka Enugu, July 28, 2020 Two days to Eid-el-Kabir celebration, the prices of basic food items have soared in most markets in Enugu metropolis. A market survey conducted by NAN on Tuesday showed that the prices of some foodstuffs have increased. At Ogbete Main...

Nigeria generates N651.77bn from Value Added Tax in H1 2020 – NBS

The Nigerian Government generated the sum of N651.77 billion from Value Added Tax (VAT) in the first six months of 2020. The National Bureau of Statistics (NBS) disclosed this in a report titled ‘Sectoral Distribution Of Value Added Tax (H1 2020)’ published on Monday. According to...

Nigerian Lenders wrote off N1.9 trillion bad debts in past 4 years

Nigerian banking industry has written off a minimum of ₦1.9 trillion of impaired loans from its loan portfolio In the last four years, following the 2015/2016 recession, This volume of write-offs has been driven by the weak macroeconomic climate and the introduction of the IFRS...

Lagos, Ogun, Rivers, Kwara, Kaduna, Enugu States remains Nigeria’s Rich/Economic Viable States – Report

•2019 Annual States Viability Index ASVI: FCT, 36 States Generate N1.3tr IGR Against N4.4trn from Federation Account Allocation •Lagos Generates More IGR than 20 States Combined •Insolvent/Poor IGR States: Katsina, Kebbi, Borno, Bayelsa, Taraba States Annual States Viability Index ( ASVI) which shows that seven States are...

NLC rejects 6% Tenancy, Lease stamp duty agreement

By Joan Nwagwu Abuja, July 25, 2020 The Nigeria Labour Congress (NLC) has urged the Federal Government to reversed the six per cent tenancy and lease stamp duty agreement in the country. Mr Ayuba Wabba, NLC President said this in a statement on Saturday in...

Investors should embrace companies with strong profitable fundamentals — Official

By Chinyere Joel-Nwokeoma Lagos, July 22, 2020 Mr Tolulope Oluwole, Head, Investor Relations, FBN Holdings (FBNH) Plc, has stressed the need for retail investors to invest in companies with strong fundamentals, sustainable growth and profitability. He said that this was important to ensure enhanced returns on...

FCTA to support entrepreneurs to grow local economy, says Minister

By Salisu Sani-Idris Abuja, July 21, 2020 The Federal Capital Territory Administration (FCTA) has expressed commitment to the growth of local entrepreneurs as well as small and medium scale businesses in the territory. The FCT Minister, Malam Muhammad Bello made the pledge when he received...

COVID-19: Bailout funds will boost Nigeria’s economy – capital market operator

By Simon Akoje Lagos, July 21, 2020 A Capital Market operator, Mr Boniface Okesie, says there is need for the Federal Government to urgently give COVID-19 bailout funds to local companies to reposition the economy. Okesie, President, Progressive Shareholders Association of...

LIRS to Implement Additional Tax Incentives and Reliefs to Taxpayers in Lagos State

In furtherance of the commitment to mitigate the negative effect of COVID-19 pandemic on individuals and businesses, Lagos State Internal Revenue Service (LIRS) has commenced the implementation of additional reliefs and measures to further ease the impact of the pandemic on taxpayers in Lagos...
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